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Hermann Schulze-Delitzsch (1808–1883) Friedrich Wilhelm Raiffeisen (1818–1888) Wilhelm Haas (1839–1913) In 1843, the first German cooperative bank was created by 50 inhabitants of Öhringen in the Kingdom of Württemberg, who named it the Öhringer Privatspar- und Leihkasse ("private savings and lending bank of Öhringen") – it still exists as the Volksbank Hohenlohe [].
That the bank survived this difficult time at all was also the result of the work of the chairman of the board, Wilhelm Keller, who ran the bank from 1913 to 1936. With interruption during the world economic crisis, the 20s and 30s were also times of strong growth. In 1930 the balance sheet totaled 10.1 million Mark, in 1942 it was 16.24 ...
This is a list of co-operative banks in Germany according to the information provided by the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) umbrella organisation. By late 2008, there were 1,197 co-operative banks in Germany with total assets of €668 billion. German co-operative banks are members of regional organisations.
The Cooperative Financial Group's institutional protection scheme is Germany's oldest deposit guarantee scheme for banks and is run by the BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information” newsletter. European affairs are dealt with by a representation in Brussels.
(The other 11 banks in the top 25 were Deutsche Bank, Dresdner Bank, Bank der Deutschen Arbeit, Commerzbank, the indirectly government-owned Deutsche Verkehrs-Kredit-Bank, cooperative Deutsche Rentenbank-Kreditanstalt, Bayerische Hypotheken- und Wechsel-Bank, Deutsche Centralbodenkredit AG, part-government-owned Deutsche Industriebank and ...
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The bank was founded in 1966. Since 2012 people who do not work for the church such as atheists or people of other religions can also become customers. Due to the bank's ethic sustainability orientation, numerous customers from the charitable-foundations-field have joined the bank since then. [5]
In 1897, Prince Regent Luitpold allowed the bank to use the Bavarian royal crown in its seal. Until 2011, Max Emanuel , a member of the house, was deputy chairman of the bank's supervisory board. It is one of the largest cooperative banks by number of members, and one of the few independent " Pfandbrief banks" in Germany.